Netflix shares dip 4% as revenue forecast underwhelms despite earnings beat
Investors question FX-driven outlook; password crackdown, ads, and sports help boost engagement but subscriber data remains undisclosed
India, UK set to seal free trade pact next week, boosting whisky, car, textile access
Modi's expected London visit may coincide with signing; deal slashes tariffs on Scotch, vehicles, and textiles under quota system, pending approval.
G20 finance chiefs agree on need for central bank autonomy
The ministers and central bank governors pledge to continue data-driven policymaking and cooperation on global economic issues
Stocks tied to ether rally as price climbs past $3,600
Ether climbs to $3,675.81, its highest level since January 6, before settling at $3,601.40, up 5%
U.S. lawmaker opposes Nvidia’s AI chip sales to China
It could help China develop AI models that support its military and compete with U.S. technology, says Republican Representative Moolenaar
Nvidia sees strong AI chip demand as China welcomes foreign investment
Nvidia CEO Jensen Huang says the company is ready to deepen cooperation with Chinese firms in artificial intelligence
China urges Canada to reverse new steel import restrictions
China’s Ministry of Commerce says it would take necessary steps to protect the legal rights and interests of Chinese companies
WhatsApp faces possible exit from Russian market
Meta is designated as an extremist organization in Russia, says deputy head of the IT committee
U.S. Senator seeks clarity on Microsoft’s Chinese staff in defence contracts
The request follows a report on China-based engineers working under U.S. subcontractors with clearances
EU sets AI compliance rules for high-risk and foundation models
Under the AI Act, firms must evaluate their models, test for potential threats, report serious incidents, and ensure cybersecurity protections
German finance minister says trade conflict must end but not at any cost
Lars Klingbeil says Europe wants a fair deal with the US over trade tensions, including Trump’s proposed 30% tariff on EU imports
U.S. sets 93.5% anti-dumping duty on Chinese graphite used in EV batteries
The duties cover imports valued at $347.1 million in 2023
Brazilian President calls U.S. tariff blackmail, says no foreigner gives orders
Lula says Brazil will move ahead with plans to regulate and tax U.S. tech companies
Foreign holdings of U.S. Treasuries rise to $9.045 trillion in May
Japan remains the top holder at $1.135 trillion, while China cuts its holdings to $756.3 billion, the lowest since 2009
New ChatGPT agent can book, search, and plan across apps
The agent uses a virtual computer and can work with tools that browse the web and access user-connected apps like Gmail and GitHub